https://www.taxtmi.com/caselaws?id=353126 The Tribunal partially allowed the assessee's appeals for the assessment years 2009-10 and 2010-11, dismissing the appeal for the assessment year 2011-12. The Tribunal upheld the disallowance under Rule 8D(iii) for administrative expenses but allowed the appeal regarding interest expenditure. The claim of bad debts was allowed as the debts were previously included in income and written off. Expenditure on discounts to dealers was justified as part of a business strategy. Late delivery charges were deemed allowable business expenses. The Revenue's appeals for the assessment years 2010-11 and 2011-12 were dismissed. en-us Tue, 24 Oct 2017 00:00:00 +0530 Thu, 28 Dec 2017 08:04:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353126 The Tribunal partially allowed the assessee's appeals for the assessment years 2009-10 and 2010-11, dismissing the appeal for the assessment year 2011-12. The Tribunal upheld the disallowance under Rule 8D(iii) for administrative expenses but allowed the appeal regarding interest expenditure. The claim of bad debts was allowed as the debts were previously included in income and written off. Expenditure on discounts to dealers was justified as part of a business strategy. Late delivery charges were deemed allowable business expenses. The Revenue's appeals for the assessment years 2010-11 and 2011-12 were dismissed. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353126